Iata In­sights

Cargo Talk - - Cover Story -

TKh JOoEaO hFoQoPLF ouWOooN Ior 2013 re­mains weak, de­spite re­cent pos­i­tive im­prove­ments in the Eu­ro­zone TraIILF GroZWK KaV VKoZQ VoPh harOy signs of im­prove­ment, in line with pos­i­tive de­vel­op­ments in busi­ness con­fi­dence, but growth re­mains weak and the up­turn has been mod­est so far DhPaQG eQYLroQPhQW KaV VWarWhG Wo show signs of im­prove­ment. Busi­ness con­fi­dence has picked up al­though world trade growth re­mains slow, sev­eral emerg­ing mar­ket re­gions con­tinue to see solid trade ex­pan­sion DhPaQG DrLYhrV OooN a ELW EhWWhr. Con­sumer con­fi­dence in Europe is now WKh KLJKhVW LW KaV EhhQ VLQFh 2011 aQG U6 FoQVuPhr oSWLPLVP LV aOVo oQ the rise Weak­ness in emerg­ing Asia is re­flected in the de­cline in de­mand for air-freighted com­modi­ties like semi­con­duc­tors. But in Ja­pan, eco­nomic stim­u­lus has helped sup­port cap­i­tal in­vest­ment Freight load fac­tors re­main weak as FaSaFLWy FoQWLQuhV Wo rLVh DhFOLQh LQ aLr IrhLJKW raWhV KaV in­ten­si­fied over re­cent months Al­though there has been some im­prove­ment in air freight de­mand over rhFhQW PoQWKV, FaSaFLWy JroZWK KaV NhSW load fac­tors low OZLQJ Wo VurJh LQ jhW IuhO, FarJo SroILWaELOLWy FoQWLQuhV Wo IaFh down­ward pres­sure from high in­put costs how­ever, the out­look for air freight is EroaGOy oSWLPLVWLF aFForGLQJ Wo KhaGV oI FarJo VurYhyhG LQ -uOy 2013. AFForGLQJ to them, traf­fic vol­umes to in­crease over WKh QhxW 12 PoQWKV EuW yLhOGV Wo rhPaLQ un­changed VShhG WKaQ LQ WKh yharV EhIorh. “TKh FouQWry will also need a solid de­vel­op­ment plan for in­dus­trial pro­duc­tion to achieve sus­tain­able hFoQoPLF JroZWK aQG ZhaOWK,” Kh VaLG.

he does not see an im­me­di­ate turn­around of the In­dian mar­ket. “The cur­rent ru­pee de­vel­op­ment re­flects to some ex­tent the ex­pec­ta­tions of the fu­ture of trad­ing. In fact, the ru­pee de­vel­op­ment is not WKh SroEOhP, EuW a VyPSWoP oI WKh SroEOhP. how­ever, while In­dia is fac­ing some head winds, there might be some pos­i­tive fac­tors which will stim­u­late eco­nomic de­mand in U6 aQG eu­roSh, ZKLFK ZLOO KaYh LPSaFW oQ WKh ,QGLaQ hxSorWV,” Kh arJuhG.

Com­ment­ing on the de­mand side in fu­ture, he main­tained that the pharma sec­tor is ex­pected to con­tinue its growth in the next twelve months as well. “It re­mains to be seen, how­ever, to what ex­tent com­pet­i­tive pres­sure and fur­ther gov­ern­ment reg­u­la­tions will af­fect the GhYhOoSPhQW oI WKh SKarPaFhuWLFaO LQGuVWry LQ ,QGLa,” Kh ZaV TuLFN Wo PaNh a FauWLoQ.

Nev­er­the­less, “Lufthansa Cargo re­mains com­mit­ted to the In­dian mar­ket. Our FaSaFLWy oIIhr ZLOO FoQWLQuh Wo PhhW WKh re­quire­ments of the mar­ket and so is our FoPPLWPhQW Wo KLJKhVW TuaOLWy VWaQGarGV,” said hernig. Lufthansa Cargo is in­vest­ing LQ a IOhhW oI QhZ Bo­hLQJ 777f, WKh ZorOG’V PoVW hIILFLhQW aQG hQYLroQPhQWaOOy IrLhQGOy freighter, in a new lo­gis­tics hub at its home base Frank­furt, which will fur­ther im­prove ca­pac­i­ties and tran­sit times. “In ad­di­tion, we will con­tinue our drive to push for e-cargo, in par­tic­u­lar for e-book­ing and e-AWB im­ple­men­ta­tion in In­dia in or­der to mod­ern­ize and ease the busi­ness WraQVaFWLoQV oI our LQGuVWry. TKh im­ple­men­ta­tion of CASS in the In­dian ParNhW ZLOO Eh aQoWKhr Nhy IoFuV,” VKarhG hernig.

Keki Pa­tel, Cargo Man­ager, In­dia and Nepal, Emi­rates too ap­peared to be FauWLouV LQ PaNLQJ aQy IorZarG OooNLQJ state­ment. “The air cargo mar­ket from ,QGLa LV VWLOO JOooPy, GhVSLWh VoPh VLJQ oI rhFoYhry LQ WKh U6 aQG eU ParNhW. ,GhaOOy WKhrh VKouOG KaYh EhhQ a VurJh LQ air cargo ex­port be­cause of the de­cline of the value of aJaLQVW U6$. HoZhYhr, Zh arh ZLWQhVVLQJ LQFoQVLVWhQFy oI aLr FarJo

Keki Pa­tel Cargo Man­ager, In­dia and

nepal, Emi­rates

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